Overseas Pakistanis remit US $1.54 billion in July

KARACHI: Overseas Pakistani workers remitted US $ 213.49 more money (US $ 1541.67 million) in the first month of FY18 (July) in comparison with US $ 1328.18 million received during the same period in the last year.

During July 2017, the inflow of worker’s remittances amounted to $ 1541.67 million, which is 16.2% less than June 2017 and 16% more than July 2016, a statement issued by the State Bank of Pakistan (SBP) reads.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during July 2017 amounted to US $161.22 million together as against US $137.13 million received in July 2016, it said.